Hedge Fund and Insider Trading News: David Einhorn, D. E. Shaw, Viking Global Investors, Sculptor Capital Management, Lynx Asset Management, Insulet Corporation (PODD) Lyft, Inc. (LYFT), and More

Einhorn’s Greenlight to Reap Big Gains on Black Knight Bet (Bloomberg)
Hedge fund manager David Einhorn bet big that Intercontinental Exchange Inc. would succeed in taking over mortgage software company Black Knight Inc. despite US antitrust opposition, and his wager is set to pay off. Greenlight Capital, Einhorn’s firm, has reaped more than $20 million on the trade since the end of June, according to data compiled by Bloomberg. The fund manager said in its April letter to investors that it had bought shares of Black Knight, and said in a filing for the second quarter it had added to its position, bringing its holdings to around 1.34 million shares.

D. E. Shaw Launches Another New Fund (Institutional Investor)
The hedge fund giant is seeking capital for a new offering in its Alkali group of funds. D. E. Shaw is raising money for a new fund. The hedge fund giant recently began to raise capital for D. E. Shaw Alkali International Fund VI, the newest fund in its Alkali group of funds, according to a regulatory filing. It is the latest among several funds launched by the hedge fund giant this year alone.

Viking Raiders Go Short with Bet Against Lloyds (The Times)
A $41 billion hedge fund dubbed a “Tiger Cub” by Wall Street has built one of the biggest short bets ever recorded against Lloyds Banking Group. Disclosures to the Financial Conduct Authority show that Viking Global Investors, an American firm led by the Norwegian billionaire Andreas Halvorsen, has taken a 0.61 per cent net short position in shares of Lloyds.

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Hedge Fund Veteran Lined Up to Take the Helm as GAM Chief Executive (Financial News)
The activist group on the verge of taking over Swiss asset manager GAM has named hedge fund veteran Randel Freeman as its preferred candidate for chief executive. Freeman, who has previously held asset and wealth management roles at Goldman Sachs and BNP Paribas, co-founded hedge fund group Centaurus Capital in 2000 — one of the first hedge funds in Europe that managed more than $5bn at its peak. He sold the business in 2014 to Fortress Investment Group.

Lynx Welcomes Two Co-Heads of Systematic Equities (Hedge Nordic)
Stockholm (HedgeNordic) – Systematic asset manager Lynx Asset Management has brought in two Co-Heads of Systematic Equities to lead a long-term project in developing a systematic long/short equity strategy. The new hires include the previous head of SEB’s Quantitative Equity team, Andreas Johansson, and Stefan Nydahl, previously CEO of systematic manager Informed Portfolio Management (IPM).

Sculptor Rebuffs Och Demand for Merger Records as ‘Vendetta’ (Bloomberg)
Sculptor Capital Management is resisting founder Dan Och’s demand for records and documents related to its proposed merger with Rithm Capital Corp., accusing him of making false claims about the deal as he pursues a “vendetta” against the firm. The $34 billion money manager responded to Och and his allies late Tuesday, saying the group lacks valid grounds to obtain the information.

Hedge Fund MFN Pushing to Set-Up Yellow Shareholder Committee (Hedge Week)
Hedge fund MFN Partners is pushing for the establishment of an official committee to represent shareholder interests in logistics company Yellow’s bankruptcy case, according to a report by the Wall Street Journal citing a securities filing. Boston-based MFN, which holds a roughly 42% stake in Yellow, has submitted a request to the US Justice Department’s bankruptcy division for the appointment an official group of shareholders which, if granted, would allow the shareholder committee to bill its legal fees to Yellow.

FVLCRUM Closes Fund on $302M – Beating Target (Opalesque)
FVLCRUM Partners, a lower middle market buyout firm focused on addressing the U.S.racial wealth gap, announced the final closing of FVLCRUM Fund LP together with its sister fund entities. The fund closed on over $302 million in aggregate commitments, exceeding its target of $250 million. FVLCRUM targets control equity investments in sectors including government contracting, healthcare, and technology-enabled business services. The firm intentionally invests in diverse lower-middle market companies to generate sustainable opportunity for underserved communities. Known investors in FVLCRUM include Western Alliance Bancorporation.

Wednesday 8/30 Insider Buying Report: PODD, LYFT (Nasdaq.com)
On Monday, Insulet’s CEO, James Hollingshead, made a $1.01M purchase of PODD, buying 5,550 shares at a cost of $181.41 each. Hollingshead was up about 13.4% on the purchase at the high point of today’s trading session, with PODD trading as high as $205.70 in trading on Wednesday. Insulet is trading up about 6.9% on the day Wednesday. And at Lyft, there was insider buying on Monday, by Director Prashant Aggarwal who bought 96,900 shares for a cost of $10.34 each, for a trade totaling $1.00M. This purchase marks the first one filed by Aggarwal in the past year. Lyft is trading up about 5.8% on the day Wednesday. So far Aggarwal is in the green, up about 11.6% on their buy based on today’s trading high of $11.54.

$1M Bet On Lyft? Check Out These 4 Stocks Insiders Are Buying (Benzinga)
Asana: The Trade: Asana Inc. (ASAN) President, CEO and Chair Dustin Moskovitz acquired a total of 160,000 shares an average price of $21.54. To acquire these shares, it cost around $3.45 million. Lyft: The Trade: Lyft, Inc. (LYFT) Director Prashant Aggarwal bought a total of 96,900 shares at an average price of $10.34. To acquire these shares, it cost around $1 million.